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Search Results 0 to 3 of about 4 (some duplicates have been removed)
Oct 28, 2013 8:00pm EDT
of internet gambling, which is against the law, yet is thriving in this country. but first, my report about one of the biggest scandals in the history of online gambling. a small group of people managed to cheat players out of more than $20 million, and it would have gone undetected if it hadn't been for the players themselves, who used the internet to root out the corruption. as a joint investigation by 60 minutes and the washington post revealed in 2008, it raises new questions about the integrity and security of the shadowy and highly profitable business that operates outside u.s. law. >> moneymaker puts his name amongst the greatest players in the game! >> if you had to pick the moment that the poker boom began, it was probably the day an unknown accountant named chris moneymaker won $2.5 million at the 2003 world series of poker. suddenly, every amateur with a hat, sunglasses, and a stack of chips saw themselves as the next big moneymaker. nearly 7,000 people competed in this year's tournament for $180 million in prize money, but the fever has spread far beyond las vegas. it is the ric
Oct 27, 2013 8:00pm EDT
payment on his home, taking a hike is a lot easier. by law in arizona and nine other states, the bank cannot go after any of his other assets, but his credit rating will suffer. aren't you fearful that you're gonna get a reputation as being a deadbeat? >> yeah. but with the money savings that i will have in four to six years, i'm confident i'll have enough money to buy my way into a house if i wanted. >> so you don't feel any-- even a twinge of guilt? >> no, especially after dealing with my lender, trying to contact them. none at all. >> neither do jean ellen schulik and danny kuehn. they bought their phoenix bungalow three years ago for nearly $400,000. the bank now values it at $85,000. even though they can afford the mortgage payments, they felt they were trying to bail out an ocean with a bucket. >> no logical business person would do anything other than walk away. and so there was a lot of soul-searching, and i did a lot of crying, 'cause i'm in love with this house. and every day, i would redo the math and think, "maybe we missed something, you know? this just can't be right." >
Search Results 0 to 3 of about 4 (some duplicates have been removed)